Epic Games moved to the United States District Court for the Northern District of California to file for a temporary restraining order against Apple that threatened to delist its products from the App store.
Tencent just added another portfolio member to its expanding global gaming empire. Voodoo, the French company behind a slew of popular casual games, announced on Monday that Tencent has become a minority shareholder in its business valued at $1.4 billion.
Fortnite’s parent company Epic Games has filed a lawsuit against Apple calling its actions as monopolistic, unreasonable and unlawful.
Investors are bullish on Nintendo Stock following the gaming giant’s Q1 earnings reports with a 428% boost in revenue.
Gaming giant Nintendo has reported a 428% increase in its Q1 profits. It joined other gaming firms that have managed to record gains despite the COVID-19 crisis.
Yesterday Sony (SNE) stock closed with a 2.58% increase, at $83.37. However, today Sony stock is 2.42% down, trading at $81.36.
Microsoft Corp. stock (Nasdaq: MSFT) fell 4.35% on Thursday to close the day at $202.54, however it was 0.54% up in the after hours. Shares were downgraded to ‘hold’ rating despite the company unveiling new Xbox games.
Microsoft (MSFT) stock is moving higher these days to reach new ATHs. The company is going to launch its cloud gaming service publicly in September.
Sony has taken a decision to invest $250 million into Epic Games, in a strategic move to continue the working relationship between the two major gaming giants.
Microsoft will shut down its Mixer platform for a partnership with Facebook Gaming. The two companies will take advantage of Microsoft’s xCloud.
After its secondary listing in Hong Kong, Chinese gaming company NetEase is going to expand globally using prominent franchises like “Harry Potter” and the “Lord of the Rings”.
Ubisoft has launched blockchain-based Rabbids collectibles to raise funds that will allow to support the initiatives of UNICEF.
Epic Games, the studio behind “Fortnite,” is close to landing $750 million in new funding that would value the company at $17 billion. New investors T. Rowe Price Group and Baillie Gifford as well as existing investor KKR will join the round.
Gamers all around the world are excited as Sony Corporation has unveiled a new PlayStation 5 game console design. However, the company still keeps in secret the price of the console and when it will be finally released.
Playtika has hired banking giants like Morgan Stanley and others to underwrite the IPO. Sources said that Playtika is looking to going public later this year or early 2021.